Mr. Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), stated in the “Kaohoon” program on December 24, 2025, that investors are focusing on short-term trading despite large-cap stocks driving the Stock Exchange of Thailand (SET) Index in the previous session.
Mr. Chaiyot noted that as the holiday period approaches, more foreign investors adjusted their portfolios and focused on Thai laggard stocks. This prompted Thai investors to take profits ahead of an anticipated slowdown in foreign trading activity. KSS estimated that the SET Index will move sideways in a wide range.
The securities company also recommended a selective investment strategy, focusing on deep-value stocks or those supported by specific positive catalysts. These include PTT Global Chemical PCL (SET: PTTGC), citing improved sentiment from easing U.S.– China trade tensions and a price-to-book value ratio of 0.6 times, and Advanced Info Service PCL (SET: ADVANC), citing expectations of strong fourth-quarter growth and a high dividend yield.
Regarding a potential pre-election rally, Mr. Chaiyot stated the scenario is likely, as it typically attracts capital inflows. However, he cautioned that several negative factors—including tensions along the Thailand–Cambodia border, the war between Ukraine and Russia, and strains between the United States and Venezuela—could limit further gains in the SET Index after the rally.
